Saturday, January 29, 2011

GPOR

This week's stock pick is Gulf port Energy Corp. GPOR is an oil and natural gas exploration and production company. The company has been forming a 6-week base and could have a big week. Their buy point is $23.02. If Gulf Port Energy's daily volume increases 40% or higher it could break out.























The general market last week was hit hard. Worries about the US economy and troubles in Egypt sent the market lower. Because of the shaky market and failed rally attempt from ALTR we decided to cut our losses early. Below is a chart of ALTR's unusually high distribution days. On Thursday CCME hit our buy point. Below are pictures of our portfolio.


























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